521 Drury Lane

Punta Gorda, FL 33950

$1,300,000
Price
9
Beds
3,818 Sq. Ft.
$340 / Sq. Ft.
3,818
Sq. Ft.
$340
per Sq. Ft.

Description

Under contract-accepting backup offers. Have you been seeking a profitable real estate investment opportunity in the extremely popular and trendy city of Punta Gorda? Majestically nestled on a 0.57-acre lot just 3-miles from Downtown Punta Gorda, this 7-unit paradise provides guests an unforgettable experience with delightful onsite amenities and ultra-comfortable accommodations. Boasting a gross revenue of approximately $265,000 in 2023, the property also offers an impressive 12.68% cap rate for...Under contract-accepting backup offers. Have you been seeking a profitable real estate investment opportunity in the extremely popular and trendy city of Punta Gorda? Majestically nestled on a 0.57-acre lot just 3-miles from Downtown Punta Gorda, this 7-unit paradise provides guests an unforgettable experience with delightful onsite amenities and ultra-comfortable accommodations. Boasting a gross revenue of approximately $265,000 in 2023, the property also offers an impressive 12.68% cap rate for those seeking an above-average ROI. Thoughtfully fashioned for the utmost tranquility, the grounds express an organically flowing vibe with gorgeous new tropical landscaping (2022), heated pool (new heater, pumps, filter, and housing-2022/2023), blissful gazebo, hammocks, a meditation area, soothing hot tubs, and several decks. Three buildings encompass 7 rental units, which each have a unique layout and appealing aesthetic. Two units, Guava Bungalow and Papaya Bungalow, each sleep four and include a kitchen, two bedrooms (total 4 twin beds), and a modern full bathroom. Two other units, Orange Bungalow and Coconut Bungalow, both sleep three and have a kitchen, 2+ twin beds/sofa beds, and a full bathroom, while one unit also has a private hot tub and deck. Three units, Avocado Bungalow, Grapefruit Bungalow, and Mango Bungalow, each sleep 2 and feature 2 twin beds (convert to King), a full kitchen, and a chic full bathroom, while one unit also boasts a jetted soaking tub. In addition, the property has a plethora of updates including fresh paint (2022), new deck (2022), new main house roof (2022), new duplex house roof (2022), new Chickee Hut wiring (2022), new flooring (2022), new septic pump/wiring (2022), new fence panels (2022), new window A/C (2022), and new W/D (2023). Residents will appreciate the outstanding proximity to desirable conveniences, such as artistic venues, boutique shopping, world-class dining, and I-75. Get the coveted financial advantage of this rarely-available property, and call now for a tour!
  1. Listed by Johnny Huynh • KELLER WILLIAMS SOUTH TAMPA
  2. Listed by Christopher Leon • KELLER WILLIAMS SOUTH TAMPA

Property Details for 521 Drury Lane

Subdivision Name
PINEAPPLE CENTRE
Township
41S
Waterfront
No

Location

Listing Courtesy of KELLER WILLIAMS SOUTH TAMPA, Johnny Huynh; KELLER WILLIAMS SOUTH TAMPA, Christopher Leon
Add your commute
LISTING UPDATED: 04/28/2024 08:00 AM

Property Details for 521 Drury Lane

StatusPending
MLS #T3494229
Days on Market117
Taxes$13,431 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1956
Lot Size0.57 AC / 25,042 SF
CountyCharlotte County

Location

Listing Courtesy of KELLER WILLIAMS SOUTH TAMPA, Johnny Huynh; KELLER WILLIAMS SOUTH TAMPA, Christopher Leon
Add your commute

Virtual Tour

Building Information for 521 Drury Lane

Stories-Residences7Year Built1956Building Size-Lot Size0.57 AC / 25,042 SF

Payment Calculator

$8,214 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$1,119

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 521 Drury Lane

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 4616.0
  • Building Area Units: Square Feet
  • Directions: I-75 South. West on SR 17. Right on Marlympia Way. Right on Marion Ave. Right on Drury Lane.
  • Mls Major Change Type: Pending
  • Major Change Type: Pending
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Pineapple Centre
  • Unit Number: No
  • Street Number: 521
  • Street Name: DRURY
  • Street Suffix: LANE
  • State: FL
  • City: PUNTA GORDA
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Common, Driveway
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 1
  • Tax Book Number: 1-7
  • Tax Legal Description: PPC 000 0001 000K PINEAPPLE CENTRE BLK 1 SUB OF LT 7 ALL OF LT K & LT L THAT PT OF LT J DESC AS BEG NE COR LT J S 10 FT SW 110.18 FT N 41.2 FT E 105.75 FT TO POB 728/1319 728/1325 759/20961037/1069 1737/2073 CT1885/300 2219/1850 CT3975/1583 4010/1913 PPC 000 0000 0
  • Tax Lot: 7
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 412305256006
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 4
  • Water Access: No
  • Water Extras: No
  • Zoning: OMI
  • Living Area: 3818
Property and Assessments
  • Year Built Numeric: 1956
  • Flood Zone Code: AE
  • New Construction: No
  • Public Survey Range: 23E
  • Public Survey Section: 05
Utilities
  • Sewer: Septic Tank
  • Utilities: BB/HS Internet Available, Electricity Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco, Vinyl Siding, Wood Siding
  • Exterior Features: Balcony, Fenced, Garden, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage
  • Foundation Details: Crawlspace, Slab
  • Other Structures: Storage
  • Patio And Porch Features: Covered, Deck, Enclosed
  • Pool Features: Heated, In Ground, Salt Water, Screen Enclosure
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Metal, Shingle
  • Spa Features: Above Ground, In Ground
  • Spa: Yes
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 9
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
  • Fireplace: Yes
  • Heating: Wall Units / Window Unit
  • Interior Features: Ceiling Fans(s)
  • Laundry Features: Common Area, Laundry Room
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $187,363.00
  • Gross Income: $265,173
  • Total Monthly Expenses: $18,442
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 2
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 5

Property History for 521 Drury Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 521 Drury Lane

Taxable ValueLand-Additions-Total-
Tax Record2023$13,431 ($1,119 / month)
Home Facts
Total Finished SqFt2,506 SqFtAbove Grade Finished SqFt2,506 SqFtStories1Lot Size25,042 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningOMI OFFICE, MCountyCHARLOTTEAPN41-23-05-256-006Fireplace TypeHas Fireplace

Schools near 521 Drury Lane

This home is within Charlotte.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
East Elementary School
PublicPK to 5

Punta Gorda Middle School
Public6 to 8

Charlotte High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS SOUTH TAMPA, Johnny Huynh; KELLER WILLIAMS SOUTH TAMPA, Christopher Leon

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.